That's not that much and that's only going to be around 2.5x from the current price of $69k. And with what the speculations and analyses that I have read, 10x is actually more than from what they're seeing since it is past with the last cycles that we're in. So, IMHO $172k is possible but I hope that I still able to hold a lot from that time because many of us are likely to sell from the price ranges of $100k-$120k and $150k is going to be a survival mode for the ones who are still in diamond hands by that time. Thanks for the chart IT, with what the cycles that we've seen, the red line is likely going to surpass that green line.
x10 profit is not much, how much do you think is much? You cannot find any traditional asset or business that can deliver x10 returns in 4 years. And those who buy bitcoin from now and if bitcoin can reach $170k, they will gain 2.5 times profit in just 1.5 years. And I can tell you that no traditional asset can do the same thing that bitcoin has done. That's also why many traditional investors call bitcoin a get-rich-quick investment.
If we're going to base that for Bitcoin's current state, that's already much if you're looking at the current price of it. But you are right that there is no traditional asset or investment that can give that much on a span of short period of time. It doesn't matter for those traditional investors what they call Bitcoin with because that's their opinion about it and they cannot alter the performance that it has done and will keep doing for the next years to come.
I also see many people on the forum setting a target of 100k$ but I don't believe they will sell when bitcoin reaches 100k$, in a bull market there will always be greed. Planning and setting goals is one thing, whether we follow the plan or not is another.
That makes sense but for someone who's got a plan of when to sell and take profit, they're going to follow their plans. It's not always roses that we're deal on this market so just do what you think is right for you when the time comes.
